SMART STREET LIGHTING Market 2022 Size, Share, growth, [TRENDS], and Forecast Till 2030

Report Ocean published the latest research report on the SMART STREET LIGHTING market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the SMART STREET LIGHTING market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The Global Smart Street Lighting market is expected to grow at a CAGR of 40.3% during the forecast period 2016-2022.

The digital economy affects the world's trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.

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Smart Street lighting is a rapidly growing lighting market. At present' a lot of countries are replacing the traditional street lights with the smart LED street lighting lamps. Globally' there are about 281.4 million streetlights in the world and is expected that it will reach 338.9 million by 2025. The traditional high intensity discharge lamps (HID) consume a lot of energy and generate lots of heat. Thus' with the growing awareness and the need to reduce the carbon footprints globally' countries have started replacing the street lights with smart LED lights. The smart street lighting poles can be turned "ON" or "OFF" through the smart devices. Most of the smart poles are enabled with motion sensors which turn ON whenever there is movement near the pole.

According to the Reportocean analyst' the smart street lighting market will grow at an estimated CAGR of 40.3% during the forecast period 2016-2022. Europe is the biggest market for the smart street lighting followed by Americas. The countries which are leading in the smart street lighting market are Germany' UK' and US. The upcoming markets for the smart street lighting are India' China' and Poland due to the growing number of smart cities projects in these countries.

Key players covered in this report are GE Lighting' Philips Lighting' Acuity Brands' Osram and Honeywell Lighting. The research report provides a comprehensive review of Connectivity Technologies' Lighting lamps' Network Components' Upcoming and On-Going Smart street lighting projects and Regions.

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This study covers and analyses "Smart Street Lighting Market" globally. Bringing out the complete key insights of this industry' this report aims to provide an opportunity for players to understand the latest trends' current market scenario' government initiative and technologies related to the market. In addition' it helps the venture capitalist in understanding the companies better and take informed decisions.

Region/Country Cover in the Report

North America
Latin America
Western Europe
Central Eastern Europe
Middle East & Africa
Asia-Pacific

With the increasing energy requirements and need to reduce the effect of the global warming' the countries across the globe have started investing on energy efficient outdoor street lighting systems. These smart lighting lamps generate less heat and consume less energy. The smart street lighting poles automatically adjust the brightness according to the time of the day. These smart lighting solutions can be operated manually as well as remotely. At present' most of the governments across the globe have completely banned or have implemented strict rules and regulations for the usage of high energy consumable lighting lamps such as incandescent lamps.

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In developed economies such as Europe' most of the smart street lamps today are enabled with cameras' hence' increasing the security at the highways' residential streets' public places such as shopping malls' sports stadiums' and airports. Apart from the above-mentioned features' these lights are capable of sending alert messages to the registered number as soon as any suspicious activity takes place in its lighting area. Most of the lighting systems available today are sensor-enabled and supports technologies such as Wi-Fi' Bluetooth' ZigBee' Radio Frequency (RF) and Powerline Communication (PLC).

Key Players Covered in the Report
Koninklijke Philips N.V
GE Lighting
Osram Lighting
Acuity Brands Lighting' Inc.
Honeywell Lighting
John Cullen Lighting
Schneider Electric
Microsoft Corporation
International Business Machines Corp.(IBM)
Cisco Systems' Inc
Intel Corporation
Smart Lighting Engineering (SLE)
LED Roadway Lighting Ltd. (LRL)
Tvilight Intelligent Lighting

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Table of Content:

Market Definition and Overview
Research Method and Logic
Market Competition Analysis
Product and Service Analysis
Strategies for Company to Deal with the Impact of COVID-19
Market Segment by Type, Historical Data and Market Forecasts
Market Segment by Application, Historical Data and Market Forecasts
Market by by Region, Historical Data and Market Forecasts
Market Dynamic Analysis and Development Suggestions
What is the goal of the report?

The market report presents the estimated size of the Industrial automation market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Available Customization
The following customization options are available for this report:
> Trends for other verticals including retail' travel' and hospitality
> Country-specific trends and market analysis
> Rest of the World (RoW) Region-specific market analysis
> Additional company profiles
Apart from the existing market analysis' Reportocean can also offer a wide array of custom-tailored studies as per the company's specific needs.

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